Yes, we have a collaboration with Sparkle Microfinance bank.
To qualify for a loan, you must fill the application form, have a verifiable source of income, live/work in cities where we are licensed to operate and have an account with a commercial bank in Nigeria.
You can borrow up to NGN 2,000,000 or more depending on your source of income.
We will require evidence of income via your bank statement to process your application.
Once your application is approved, you will receive funds in your Rapaid wallet immediately after approval.
Our loans are available in selected cities in Nigeria. We’re working to increase the customers we serve and will communicate once we expand our reach.
You will be required to submit your bank statement, Government Issued ID, Work ID and Utility bill to apply for a loan with Rapaid. Once we receive the application, we will determine if any additional information is/will be required.
We evaluate all information you provide, most likely, you didn’t meet our minimum requirement. You can always re-apply.
Your debt-to-income ratio may not be able to accommodate your loan request. We will make an offer that will make repayment convenient for you.
Please contact us if you need a business loan.
You’ll have money in your bank within three days after you have provided the required information and gotten approved. Also note that, depending on the loan amount and application time frame, there may be a waiting period before you receive funds.
Applying for a loan with us is easy! All you have to do is visit our website or contact us at support@rapaid.africa
No, you cannot.
This will depend entirely upon the nature of your loan request and your credit history.
• Salary advance
• To meet mounting financial responsibilities
• To upscale your existing business
• Putting a deposit down to acquire a vehicle for personal or commercial use
For more inquiries, contact us at support@rapaid.africa
You will need to discuss details of this with Rapaid.
The minimum and maximum borrowing limits are set by Rapaid and the amount of your personal loan limit depends on your creditworthiness.
Interest rates on Rapaid loans differs. The standard interest rate is 5% monthly.
With Rapaid, repayment plan is usually daily, weekly or monthly within a 6 months duration. Your payment will also depend on the amount of the loan, interest rate, and term of the loan
The duration of our loan repayment plans are 1-6 months.
Yes. There is a registration fee of 1,000, and processing fee of 3% of the loan amount.
Yes, except if you request a salary loan.
With Rapaid all loans requires that you provide a signed guarantor’s form.
We use the information provided by the client to make a lending decision. To increase the chances of getting a loan approved, ensure accurate details are provided.
You don’t need to visit a bank to get a loan from us. From the comfort of your home, you can conveniently apply for a loan.
No. You can apply for your Rapaid loan directly from our website. We’re however, happy to assist if you have any questions, call us on +2349127810210 or send us an email at support@rapaid.africa
To start a savings plan you must be at least 13 years old, you must have an email address and a phone number.
To start a savings plan you must be at least 13 years old, you must have an email address and a phone number.
The duration of our savings plan depends on the customer’s preference.
We have different interest rates from 3% - 18% depending on your savings duration. Different savings rate will be displayed while trying to subscribe to a plan.
There is physical savings where our relationship officers go out to collect funds within the areas of our different branches.
We also having savings on the mobile app (Rapaid).
With Rapaid you can save daily, weekly, monthly and get interests on your savings.
Save Basic is a flexible saving for emergencies with interest rate of 5% for 3months
Save Classic is an automatic strict saving plan with interest rate of 12% for 6months
For more inquiries, contact us at support@rapaid.africa
To start saving open the Rapaid App, select from the list of available saving products that suit your needs. Fill the form correctly by putting personal information, enter the saving amount, duration of savings, and confirm your transaction. Kindly note that the minimum amount you can save is N ( hundred Naira).
For now, we have three savings plans namely, Save Basic, Target Savings and Fixed Savings.
You can fund your sparkle wallet via bank transfer, or activating auto-debit on your account.
We are happy to assist if you have any questions, call us on +2349127810210 or send us an email at support@rapaid.africa
Login to your Rapaid app, click on fund wallet, select fund with debit/ATM card, input the amount, and follow the prompts to fund your wallet or you can make transfer from your other bank account.
Yes, you can through your wallet.
Yes, on the SaveBasic feature by calling customer service to help lift the restrictions.
Launch the Rapaid app, input your phone number or email address and click on forgot password. A password reset link will be sent to your email address.
Contact us at support@rapaid.africa
Contact us at support@rapaid.africa
IOS and Android.
Yes, your fund is 100% secured.